September 13th Weekly Terracoin Update — Lofty

Tygi has set himself the lofty goal of turning these weekly updates into videos, and his first one came out a few days ago. You can check it out here: https://youtu.be/yCcjUw1eO_o

I think it is great that he can turn my ramblings into a short video with all the info, especially since these days video is the way to go! Please take the time to check them out and leave a comment!

We have also released the second Terracoin Virtual Meetup video. We had a lot more people join this time and we really look forward to the next one. We talked about a lot of different things, such as the masternode bro battles, importance of updating to the latest version, getting listed on exchanges and struggles with C-Cex.

We are planning the date for the next Terracoin Virtual Meetup and will have the date for the next weekly. If you have any questions for the next Terracoin Virtual Meetup but can’t make it, please send them to me or XTR750 and he will make sure they get answered.

Update

We have 56.4% of the mastenodes updated and 71.1% of masternodes on the newest protocol! But that still means that there are a lot of people out there who haven’t updated. You won’t get rewards unless you update. Here is a link to update instructions:

The recent proposal that Abettorpin put in for a CryptoLawyerFund passed the decentralized governance process! The CryptoLawyerFund is to pay a lawyer to help us incorporate The Terracoin Foundation into a 501c6 non-profit and help us get on additional exchanges.

We have decided to set up a multi-signature address with most of the TRC Foundation as signers so that when it comes time to hire a lawyer, 3 out of 5 of us need to sign off.

A multi-signature address is an amazing feature of the TRC core wallet but is really easy to use with TRCpay. TRCpay is our app that works with iOS, Android, MacOS, Windows, Linux, and there also is a Chrome plugin. Basically, it is a light weight wallet that doesn’t need to sync the blockchain, and multi-signature is quick and easy to use.

We currently are winning this round of the masternode battles, but in the past, we have been behind to come back and win. All that means is that everyone needs to vote! The community has gotten us this far, and I thank everyone for the votes, but we can’t get complacent! Everyone needs to vote!